2024 Appropriation Bill Nigeria, in a significant move that signals the Federal Government’s commitment to economic growth and development, the Federal Executive Council (FEC) today approved the 2024 Appropriation Bill of N27.5 trillion.
The bill, which outlines the government’s plans for spending and revenue generation for the next fiscal year, will now be presented to the National Assembly for consideration and approval.
“The approval of the 2024 Appropriation Bill is a testament to our government’s unwavering commitment to building a better future for all Nigerians. This bill is designed to address the challenges facing our nation and lay the foundation for sustainable economic growth and development,” said President Bola Ahmed Tinubu.
Key Highlights of the 2024 Appropriation Bill
- Focus on Infrastructure Development: The bill allocates a significant portion of its resources to infrastructure development, including roads, bridges, railways, and power projects. This investment is expected to boost economic activity, create jobs, and improve the overall quality of life for Nigerians.
- Investment in Education and Healthcare: The bill also prioritizes investment in education and healthcare, two critical sectors that are essential for human capital development and national prosperity. The increased funding will enable the government to improve access to quality education and healthcare for all Nigerians.
- Promoting Economic Diversification: The bill recognizes the importance of diversifying the economy away from its overreliance on oil and gas. To this end, it allocates funds to support the development of key sectors such as agriculture, manufacturing, and tourism.
The FEC’s approval of the 2024 Appropriation Bill underscores the government’s unwavering commitment to economic growth and development. The bill’s focus on infrastructure development, education, healthcare, and economic diversification aligns with the government’s overall strategy to transform Nigeria into a thriving and prosperous nation.
“The 2024 Appropriation Bill is a strategic roadmap for the next fiscal year, ensuring that our resources are effectively utilized to address critical infrastructure needs, improve education and healthcare, and promote economic diversification. We are confident that this bill will drive economic growth and enhance the well-being of all Nigerians,” said Minister of Finance, Budget, and National Planning, Dr Zainab Ahmed
The approval of the 2024 Appropriation Bill Nigeria marks a significant step towards achieving the Federal Government’s vision of a prosperous and inclusive Nigeria. The bill’s emphasis on infrastructure development, education, healthcare, and economic diversification demonstrates the government’s commitment to addressing the nation’s challenges and creating a brighter future for all citizens.